Question: Assume you won a lottery with 2 payment options. 1)Pay $1,000,000 instantly 2)Pay a penny and then keep paying double the amount every day for

Assume you won a lottery with 2 payment options.

1)Pay $1,000,000 instantly 2)Pay a penny and then keep paying double the amount every day for the next 30 days.

Would you rather have a million dollars now or take a penny now and double the amount every day for the next 30 days?

Answer in the MS-Excel spread sheet by showing your calculation. Submit the Excel file.

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